A Wisconsin Austrian: William Amasa Scott
Research in the History of Economic Thought and Methodology: Including a Symposium on Frank Knight's Risk, Uncertainty and Profit at 100
ISBN: 978-1-80071-149-5, eISBN: 978-1-80071-148-8
Publication date: 2 December 2021
William Amasa Scott was in his time well-known as a monetary economist as well as a popularizer of economic ideas, whose opinions were widely regarded by the public. A proponent of Austrian economics and defender of classical economic theory, he soon found a home at the School of Economics, Political Science and History (later the School of Economics) at the University of Wisconsin which, while initially a mainstream department, would evolve into the citadel of Institutional Economics. Notwithstanding his status as an authority on monetary economics and his place as a public intellectual, he remained at the University something of an outsider throughout his career and today is largely forgotten.
I wish to thank Malcolm Rutherford, Marianne Johnson, Robert W. Dimand, and two anonymous referees for comments on earlier drafts.
McCann, C.R. (2021), "A Wisconsin Austrian: William Amasa Scott", Fiorito, L., Scheall, S. and Suprinyak, C.E. (Ed.) Research in the History of Economic Thought and Methodology: Including a Symposium on Frank Knight's Risk, Uncertainty and Profit at 100 (Research in the History of Economic Thought and Methodology, Vol. 39C), Emerald Publishing Limited, Bingley, pp. 121-146. https://doi.org/10.1108/S0743-41542021000039C007
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